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To: Paul Kern who wrote (75892)4/7/2009 9:37:33 AM
From: Keith FeralRead Replies (1) | Respond to of 118717
 
The low level of defaults last year was one of the biggest reasons the market had so much downside risk at the end of 2008. Default rates were still too low in 2008 to reflect any kind of bottom in the economy. Based on Moody's numbers, I guess default rates should get sufficiently high this year to mark a bottom.


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